12 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes and affirmations took place in the last week, beginning with the most recent.

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1. Fitch affirms ‘BBB’ rating on Miami Jewish Health System
Fitch Ratings affirmed its “BBB” rating on Miami Jewish Health System’s series 2017 bonds, affecting $43.7 million of debt.  

2. Fitch assigns ‘BB+’ to Palomar Health’s bonds
Fitch Ratings assigned its “BB+” rating to Escondido, Calif.-based Palomar Health’s proposed $153.3 million series 2017 refunding revenue bonds

3. Moody’s assigns ‘A2’ to Concord Hospital
Moody’s Investors Service assigned its “A2” rating to Concord (N.H.) Hospital’s proposed $55 million series 2017 revenue bonds. 

4. Moody’s assigns ‘A2’ rating to Mercy Health’s bonds
Moody’s Investors Service assigned its “A2” rating to Cincinnati-based Mercy Health’s proposed $494.5 million series 2017A, $90.3 million series 2017B and $139.6 series 2017C. 

5. Moody’s revises Shands Teaching Hospital & Clinic’s outlook to positive
Moody’s Investors Service affirmed its “A3” rating on Gainesville, Fla.-based Shands Teaching Hospital and Clinics’ outstanding debt, affecting $610 million of debt.  

6. S&P revises AnMed Health’s outlook to negative
S&P Global Ratings affirmed its “A+” rating on Anderson, S.C.-based AnMed Health’s series 2009A, 2009D, 2010 and 2016 bonds.

7. Moody’s assigns ‘Aa3’ to Memorial Sloan-Kettering Cancer Center’s bonds
Moody’s Investors Service assigned its “Aa3” rating to New York City-based Memorial Sloan-Kettering Cancer Center’s proposed $304.9 million series 2017-1.

8. Moody’s downgrades Houston Healthcare to ‘Baa1’, revises outlook to negative
Moody’s Investors Service downgraded Warner Robins, Ga.-based Houston Healthcare’s rating to “Baa1” from “A3,” affecting $73 million of debt.

9. Moody’s revises Willis Knighton Medical Center’s outlook to negative
Moody’s Investors Service affirmed its “A1” rating on Shreveport, La.-based Willis Knighton Medical Center’s outstanding rated revenue bonds, affecting $122.4 million of debt.  

10. S&P downgrades King’s Daughters Medical Center to ‘BBB-‘
S&P Global Ratings downgraded Ashland, Ky.-based King’s Daughters Medical Center’s rating to “BBB-” from “BBB.”

11. S&P assigns ‘BBB-‘ rating to Trinity Health’s bonds
S&P Global Ratings assigned its “BBB-” rating to Minot, N.D.-based Trinity Health’s proposed $363 million series 2017C revenue bonds. 

12. Moody’s assigns ‘A3’ to Mount Sinai Hospital’s bonds
Moody’s Investors Service assigned its “A3” rating to New York City-based Mount Sinai Hospital’s proposed $356 million series 2017.

More articles on healthcare finance:
10 grants, donations to healthcare organizations in November
Torrance Memorial Medical Center to rename new patient tower after receiving a $22M gift
Jackson Health System posts a profit for 6th consecutive year

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